š Mastering Support & Resistance: The Secret to Smarter Trades
Hey Champs ā¤ļø
Want to trade smarter, not harder? Letās talk Support & Resistance the backbone of every price chart. Inspired by the āAdvanced Support & Resistance Trading Strategyā video, hereās the real scoop:
Support = the floor š
Resistance = the ceiling šŖ
Price loves to bounce between these zones until it builds enough momentum for a breakout.
How I Use S/R to Trade Like a Pro:
1ļøā£ Spot Strong Zones: Look for levels where price has bounced multiple times. The more touches, the stronger the zone.
2ļøā£ Think Zones, Not Lines: Donāt get lost drawing dozens of lines a band is more realistic than a single price point.
3ļøā£ Wait for Confirmation: Long wick, rejection candle, or a volume spike at the zone signals real buyer/seller interest.
4ļøā£ Plan Your Entry: Buy near support or after a breakout above resistance. Short near resistance or after breakdown below support.
5ļøā£ Risk Management: Stop-loss just beyond the zone. Take-profit at the next major level.
Pro Tip:
If support breaks, it often flips to resistance. If resistance breaks, it flips to support that flip can be your perfect entry or exit spot.
Why It Works:
Support and resistance zones show where supply & demand historically clash. Institutions and traders watch the same levels, creating predictable liquidity clusters.
ā
Treat S/R as a framework, not a guarantee. Always wait for clear price action before making your move.
Master these levels, stay patient, and ride those swings with confidence. š„
CoinQuestFamily what do you think please type in comment box your opinion ??
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